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MIRA
INFORM REPORT
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Report No. : |
501003 |
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Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
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Name : |
EARTH NETWORKS, INC. |
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Registered Office : |
Corporation Trust Center 1209 Orange St, Wilmington, New Castle, De,
19801, USA |
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Country : |
United States |
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Financials (as on) : |
2016 |
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Date of Incorporation : |
1992 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject operates weather and climate sensor networks worldwide. |
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No. of Employees : |
230 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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United States |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with
a per capita GDP of $57,300. US firms are at or near the forefront in
technological advances, especially in computers, pharmaceuticals, and medical,
aerospace, and military equipment; however, their advantage has narrowed since
the end of World War II. Based on a comparison of GDP measured at purchasing
power parity conversion rates, the US economy in 2014, having stood as the
largest in the world for more than a century, slipped into second place behind
China, which has more than tripled the US growth rate for each year of the past
four decades.
In the US, private individuals and business firms make most of the
decisions, and the federal and state governments buy needed goods and services
predominantly in the private marketplace. US business firms enjoy greater
flexibility than their counterparts in Western Europe and Japan in decisions to
expand capital plant, to lay off surplus workers, and to develop new products.
At the same time, businesses face higher barriers to enter their rivals' home
markets than foreign firms face entering US markets.
Long-term problems for the US include stagnation of wages for
lower-income families, inadequate investment in deteriorating infrastructure,
rapidly rising medical and pension costs of an aging population, energy
shortages, and sizable current account and budget deficits.
The onrush of technology has been a driving factor in the gradual
development of a "two-tier" labor market in which those at the bottom
lack the education and the professional/technical skills of those at the top
and, more and more, fail to get comparable pay raises, health insurance
coverage, and other benefits. But the globalization of trade, and especially
the rise of low-wage producers such as China, has put additional downward
pressure on wages and upward pressure on the return to capital. Since 1975,
practically all the gains in household income have gone to the top 20% of
households. Since 1996, dividends and capital gains have grown faster than
wages or any other category of after-tax income.
Imported oil accounts for nearly 55% of US consumption and oil has a
major impact on the overall health of the economy. Crude oil prices doubled
between 2001 and 2006, the year home prices peaked; higher gasoline prices ate
into consumers' budgets and many individuals fell behind in their mortgage
payments. Oil prices climbed another 50% between 2006 and 2008, and bank
foreclosures more than doubled in the same period. Besides dampening the
housing market, soaring oil prices caused a drop in the value of the dollar and
a deterioration in the US merchandise trade deficit, which peaked at $840
billion in 2008. Because the US economy is energy-intensive, falling oil prices
since 2013 have alleviated many of the problems the earlier increases had
created.
The sub-prime mortgage crisis, falling home prices, investment bank
failures, tight credit, and the global economic downturn pushed the US into a
recession by mid-2008. GDP contracted until the third quarter of 2009, making
this the deepest and longest downturn since the Great Depression. To help
stabilize financial markets, the US Congress established a $700 billion
Troubled Asset Relief Program (TARP) in October 2008. The government used some
of these funds to purchase equity in US banks and industrial corporations, much
of which had been returned to the government by early 2011. In January 2009,
Congress passed and President Barack OBAMA signed a bill providing an
additional $787 billion fiscal stimulus to be used over 10 years - two-thirds
on additional spending and one-third on tax cuts - to create jobs and to help
the economy recover. In 2010 and 2011, the federal budget deficit reached
nearly 9% of GDP. In 2012, the Federal Government reduced the growth of
spending and the deficit shrank to 7.6% of GDP. US revenues from taxes and
other sources are lower, as a percentage of GDP, than those of most other
countries.
Wars in Iraq and Afghanistan required major shifts in national resources
from civilian to military purposes and contributed to the growth of the budget
deficit and public debt. Through 2014, the direct costs of the wars totaled
more than $1.5 trillion, according to US Government figures.
In March 2010, President OBAMA signed into law the Patient Protection
and Affordable Care Act, a health insurance reform that was designed to extend
coverage to an additional 32 million Americans by 2016, through private health
insurance for the general population and Medicaid for the impoverished. Total
spending on healthcare - public plus private - rose from 9.0% of GDP in 1980 to
17.9% in 2010.
In July 2010, the president signed the DODD-FRANK Wall Street Reform and
Consumer Protection Act, a law designed to promote financial stability by protecting
consumers from financial abuses, ending taxpayer bailouts of financial firms,
dealing with troubled banks that are "too big to fail," and improving
accountability and transparency in the financial system - in particular, by
requiring certain financial derivatives to be traded in markets that are
subject to government regulation and oversight.
In December 2012, the Federal Reserve Board (Fed) announced plans to
purchase $85 billion per month of mortgage-backed and Treasury securities in an
effort to hold down long-term interest rates, and to keep short-term rates near
zero until unemployment dropped below 6.5% or inflation rose above 2.5%. In
late 2013, the Fed announced that it would begin scaling back long-term bond
purchases to $75 billion per month in January 2014 and further reduce them as
conditions warranted; the Fed ended the purchases during the summer of 2014. In
2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by
mid-2015, the lowest rate of joblessness since before the global recession
began; inflation stood at 1.7%, and public debt as a share of GDP continued to
decline, following several years of increases. In December 2015, the Fed raised
its target for the benchmark federal funds rate by 0.25%, the first increase
since the recession began. With US GDP growth below 2%, the Fed opted to raise
rates three times since then, and in mid-June 2017, the range for the target
rate stood at 1% to 1.25%.
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Source
: CIA |
STATUTORY INFORMATION |
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Legal Name: |
EARTH NETWORKS, INC. |
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Trade Names: |
EARTH NETWORKS, INC. |
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ID: |
3237418 |
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Date Created: |
1992 |
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Date Incorporated: |
6/1/2000 |
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Legal Address: |
Corporation Trust Center 1209 Orange St, Wilmington, New Castle, De,
19801, USA |
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Operative Address: |
12410 Milestone Center Drive Suite 300 Germantown Md 20876, USA |
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Telephone: |
301-250-4000 |
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Fax: |
301-258-5210 |
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Legal Form: |
Corporation |
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Email: |
- |
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Registered in: |
MARYLAND |
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Website: |
www.earthnetworks.com |
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Contact: |
Mr. Robert S. Marshall - Co-Founder, Chief Executive Officer and
Director |
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Staff: |
230 |
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Activity: |
NAICS Code 541990 All Other Professional, Scientific, and Technical
Services |
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Banks: |
BANK OF AMERICA |
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History: |
The company was founded in 1992 and is based in Germantown, Maryland.
Earth Networks, Inc. was formerly known as AWS Convergence Technologies, Inc.
and changed its name to Earth Networks, Inc. in January 2011. |
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Key Developments: |
Earth Networks Brings Severe Weather Alerting and Lightning Detection
to West Bengal Feb 5 18 Earth Networks announced that the state of West Bengal has chosen
Earth Networks to provide real-time storm tracking, lightning detection and
advanced alerting services to provide life-saving weather and forecasting
services to residents and businesses across the state. The Earth Networks
Total Lightning Network in India helps safety and disaster management
agencies provide the public with advance warning of incoming severe weather
to save lives, reduce injuries and minimize property damage. West Bengal,
subject to dangerous weather all year long, such as cyclones, heavy rains,
and thunderstorms, now joins a growing number Indian states, including Andhra
Pradesh and Karnataka, to take advantage of Earth Networks’ comprehensive
early warning capabilities—live storm tracking, advanced lightning detection,
and dangerous thunderstorm alerts (DTAs). Earth Networks, Inc. Presents at 8th annual Sustainable Innovation,
Nov-12-2017 Nov 8 17 Earth Networks, Inc. Presents at 8th annual Sustainable Innovation,
Nov-12-2017 . Venue: Bonn, Germany. Earth Networks, Inc. Presents at MarTech 2017, Oct-03-2017 04:00 PM Sep 29 17 Earth Networks, Inc. Presents at MarTech 2017, Oct-03-2017 04:00 PM.
Venue: the Hynes Convention Center, Bsoton, Massachusetts, United States.
Speakers: Anuj Agrawal, Chief Marketing Officer. |
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PRINCIPAL ACTIVITY |
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Earth Networks, Inc. operates weather and climate sensor networks
worldwide. |
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Products/Services description: |
The company offers weather and lightning observations, Web-based
weather visualization and forecasting solutions, alerting systems, lightning
safety solutions, early warning systems, data feeds, lightning networks,
weather cameras, weather stations, LCD weather display solutions, and
meteorological services. It serves consumer, agriculture/food security,
aviation, broadcast, energy/utility, government, oil and gas, sports and
recreation, and transportation sectors, as well as business operations,
communities and cities, schools and universities, and gulf clubs and resorts. |
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Brands: |
EARTH NETWORKS |
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Sales are: |
Wholesale |
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Clients: |
Canal Clima S.A.S. |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company exports to |
COLOMBIA |
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The subject employs |
230 employees |
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Payments: |
Regular |
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LOCATION |
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Headquarters : |
12410 MILESTONE CENTER DRIVE SUITE 300 GERMANTOWN MD 20876, USA |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
The company does not disclose information on shareholders. The
following information has been obtained through private sources and could not
be confirmed: The major holders of this company are: Mr. Christopher D. Sloop |
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Management: |
Mr. Robert S. Marshall - Co-Founder, Chief Executive Officer and
Director Mr. Richard M. Spaulding - President and Chief Operating Officer Mr. Christopher D. Sloop - Co-Founder, Chief Technology Officer,
Senior Vice President and Director Mr. Daniel W. O'Connell - Chief Privacy Officer and General Counsel Mr. John Doherty - Senior Vice President and General Manager |
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FINANCIAL INFORMATION |
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The company does not make its financial
statements public. The following information has been provided by private
sources: |
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USD 2016 |
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Sales |
47.300.000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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PATENTS |
Using Lightning Data to Generate Proxy Reflectivity Data Publication number: 20130345982 Abstract: Methods, systems, and computer program products are
described herein for generating proxy reflectivity data associated with
lightning activity. A computing device receives data associated with
lightning activity for one or more geographical areas. The computing device
determines the logarithmic scale of the combined in-cloud and cloud-to-ground
flash rate (dBR) for one or more grids of lightning activity based on the
received data. The computing device generates proxy reflectivity data based
on the dBR of the grids. Type: Application Filed: January 16, 2013 Publication date: December 26, 2013 Applicant: EARTH NETWORKS, INC. Inventor: Earth Networks, Inc. Using lightning data to generate proxy reflectivity data Patent number: 9891345 Abstract: Methods, systems, and computer program products are
described herein for generating proxy reflectivity data associated with
lightning activity. A computing device receives data associated with
lightning activity for one or more geographical areas. The computing device
determines the logarithmic scale of the combined in-cloud and cloud-to-ground
flash rate (dBR) for one or more grids of lightning activity based on the
received data. The computing device generates proxy reflectivity data based
on the dBR of the grids. Type: Grant Filed: January 16, 2013 Date of Patent: February 13, 2018 Assignee: Earth Networks, Inc. Inventors: Chonglin Liu, Robert S. Marshall, Elena Novakovskaia,
Christopher Dale Sloop SYSTEM, METHOD, APPARATUS AND COMPUTER MEDIA FOR USER CONTROL OF
ADVERTISING Publication number: 20150213495 Abstract: A system for presenting a user selected advertisement to a
user includes a sponsor selector configured to obtain an advertisement
selection of the user. The advertisement selection includes at least one user
preferred advertising source. The system also includes a sponsor select
server that receives the advertisement selection of the user from the sponsor
selector and to select a user preferred advertisement based on the user
preferred advertising source. In addition, the system includes a content
presenter that presents the user preferred advertisement and the multimedia
content to the user. A related method, computer program product, sponsor
selector apparatus and content presenter apparatus are also presented. Type: Application Filed: April 13, 2015 Publication date: July 30, 2015 Applicant: Earth Networks, Inc. Inventors: John GAUGHAN, Andrew George Jedynak, Shane Allen Lundy |
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GOVERNMENT CONTRACTS |
Government Contractor: EARTH NETWORKS INC. Name & Address: 12410 MILESTONE CENTER DR STE 300 GERMANTOWN, MD 20876-7103 Number of Defense Contracts Awarded :26 Dollar Amount of Defense Contracts Awarded:$554,838 |
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CASES |
Mobile Transformation LLC v. Earth Networks Inc. Plaintiff: Mobile Transformation LLC Defendant: Earth Networks Inc. Case Number: 1:2012cv00240 Filed: February 28, 2012 Court: Delaware District Court Office: Wilmington Office County: New Castle Presiding Judge: Gregory M. Sleet Nature of Suit: Patent Cause of Action: 35:271 Jury Demanded By: Plaintiff |
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TRADEMARKS |
INSTASPORTS Providing sports information by means of global computer network Owned by: EARTH NETWORKS, INC. Serial Number: 75619340 TEMPERATURE NEXT TO THE CLOCK Transmission of live weather conditions, weather forecasts, weather
alerts, and other weather related information over satellite… Owned by: EARTH NETWORKS, INC. Serial Number: 77149013 WEATHERBUG WEATHERMAIL Providing weather forecasts and other weather related information over
the Internet Owned by: EARTH NETWORKS, INC. Serial Number: 77238567 LOCAL ALL THE TIME, NATIONAL ON THE 8S Weather information video and/or audio broadcasting services over
television, radio, Internet and wireless communications… Owned by: EARTH NETWORKS, INC. Serial Number: 77906160 NATIONAL MESONET CONSORTIUM Association services, namely, promoting the interests of the National
Mesonet Consortium for the promotion of weather event… Owned by: EARTH NETWORKS, INC. Serial Number: 77916853 |
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RENEWAL HISTORY |
No records found. |
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UCC |
No records found. |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY |
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Founded in 1992, Earth Networks, Inc. is an organization in the All
Other Professional, Scientific, and Technical Services Industry headquartered
in Germantown, Maryland. The company has 230 regular employees and generates an estimated $47.3
million USD in annual revenue. The company operates nationally and internationally, mainly exporting
to Colombia. It is ACTIVE in business with no negative records. |
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RISK INFORMATION |
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
Matt |
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POSITION |
Sales |
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COMMENTS |
He confirmed the name of the company, the address of the headquarters
and location, the date of creation of the company, the number of employees
and the name of the Chief Executive Officer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.04 |
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1 |
INR 92.28 |
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Euro |
1 |
INR 80.62 |
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US Dollar |
1 |
INR 65.10 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.